debt service

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Debt service

Interest payment plus repayments of principal to creditors (retirement of debt).

Debt Service

The amount of money required to make payments on the principal and interest on outstanding loans, the interest on bonds, or the principal of maturing bonds. An individual or company unable to make such payments is said to be "unable to service one's debt." An example of debt service is a monthly student loan payment. See also: Debt service coverage ratio.

debt service

Funds required to meet interest expenses, principal payments, and sinking fund requirements during a specific time period. A firm's ability to service its debt is estimated by comparing cash flow with debt service.

debt service

The amount necessary to make principal and interest payments on a loan.It does not include amounts collected each month as a reserve for insurance or real estate taxes and does not include payments for private mortgage insurance.

References in periodicals archive ?
However, risks and uncertainties relating to future events that could cause actual results to differ materially from our expectations include the Company's dependency on government programs and contracts, competitive practices in the industry, the ability to attract and retain qualified professionals, our ability to service the debt incurred by the Company in connection with the Dames & Moore acquisition, exposure to potential liability, and other factors discussed more fully in reports filed with the Securities and Exchange Commission from time to time.
Filon Sur will apply 100% of its net cash flow to service the debt after the monthly payment of agreed amounts to Caledonia for technical and management services.
Filon Sur payments will apply 100% of net cash flow to service the debt after the monthly payment of agreed amounts to Caledonia for technical and management services.
Sutton Bridge Power will service the debt requirements from revenues received from Enron Capital & Trade Resources pursuant to the capacity and tolling agreement through 2014.